Famous Analyst Smiley’s Cryptocurrency Predictions for 2024
Famous cryptocurrency analyst Smiley recently shared his predictions for the crypto market in 2024. Here’s a comprehensive breakdown of his insights:
Price Predictions for Major Cryptocurrencies
- Bitcoin (BTC): Smiley anticipates that BTC will trade within the range of $100,000 and $120,000 in 2024.
- Ethereum (ETH): The analyst expects ETH to reach a value ranging between $7,000 and $8,000.
- Solana (SOL): SOL is predicted to solidify its position as the third-largest cryptocurrency with a notable migration of on-chain activity.
Market Trends
Ethereum: Smiley foresees Ethereum shifting away from on-chain activities and gaining acceptance by institutions as a store of value (SoV) with additional yield. He also predicts the approval of an Ethereum ETF, though it might be delayed until the deadline.
Solana: Despite its growth, Smiley doesn’t anticipate an ETF for Solana.
Performance Estimates
- ETH vs BTC: Smiley predicts that ETH will outperform BTC.
- SOL vs ETH: The analyst expects SOL to outperform ETH.
Smiley suggests that sidelined capital and bears may have an opportunity to buy Bitcoin at $35,000 to $40,000, but only if a black swan event occurs.
He further claims that the bull rally will persist until 2025, and Bitcoin will never trade below $30,000 again.
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